2,796 ARBs in Caraga receive credit assistance from DAR
The Department of Agrarian Reform (DAR) assured that some 2,796 agrarian reform beneficiaries (ARBs) in Caraga Region will receive credit and insurance program assistance under the Agrarian Production Credit Program (APCP) of the government.
The credit assistance worth P52.1 million were provided to 24 agrarian reform beneficiary organizations (ARBOs) in Agusan del Norte, Agusan del Sur, Surigao del Norte and Surigao del Sur.
“The credit assistance is being utilized by the farmer-beneficiaries for land preparation and farm cultivation including seeds, fertilizer and other expenses until they are able to harvest their produce,” said DAR Assistant Regional Director Daylinda Narisma.
APCP aims to provide credit assistance to ARBs or ARB households channeled through organizations, like ARBOs, or other conduits which were not given the chance to access credit from other lending institutions.
This project is aimed to support the farmers’ individual or communal crop production.